What are the Historical Developments and Current Growth Metrics of the Industrial Vacuum Pumps Market?
The industrial vacuum pumps market has seen considerable growth due to a variety of factors.
• The industrial vacuum pumps market has seen strong growth in recent years. It will increase from $5.61 billion in 2024 to $6.03 billion in 2025, reflecting a CAGR of 7.5%.
This growth is driven by the semiconductor industry, expansion in the automotive sector, rising applications in the oil and gas industry, increased demand from pharmaceuticals, and adoption in food and beverage processing.
What Does Future Hold for The Industrial Vacuum Pumps Market By 2029?
The industrial vacuum pumps market is expected to maintain its strong growth trajectory in upcoming years.
• The industrial vacuum pumps market is projected to reach $7.98 billion by 2029 with a CAGR of 7.3%.
Growth is driven by demand from the pharmaceutical sector, increased adoption in emerging markets, focus on energy efficiency, and applications in aerospace and defense. Trends include Industry 4.0 integration, oil-free pump solutions, digital twin optimization, smart vacuum pumps, and technological advancements.
What Are The Primary Growth Drivers In The Industrial Vacuum Pumps Market?
The rise in semiconductor manufacturing is expected to drive the industrial vacuum pump market. Semiconductor manufacturing, vital for the production of electronic devices, requires vacuum environments for various processes like deposition and etching. The expansion of semiconductor manufacturing is driven by the increasing demand for electronics. According to the Semiconductor Industry Association, worldwide semiconductor sales increased by 15.2% in Q1 2024 compared to Q1 2023. As a result, the growth in semiconductor manufacturing is fueling the industrial vacuum pump market.
What Is The Segmentation Of The Global Industrial Vacuum Pumps Market?
The industrial vacuum pumps market covered in this report is segmented –
1) By Type: Rotary Vacuum Pumps, Reciprocating Vacuum Pumps, Kinetic Vacuum Pumps, Dynamic Pumps, Specialized Vacuum Pumps
2) By Application: Reaction Process, Drying Process, Distillation Process, Crystallization Process
3) By End-User: Food And Beverage, Energy And Power, Pharmaceutical, Chemical, Semiconductor, Oil And Gas, Automotive, Other End Users
Subsegments:
1) By Rotary Vacuum Pumps: Rotary Vane Vacuum Pumps, Rotary Screw Vacuum Pumps, Scroll Vacuum Pumps
2) By Reciprocating Vacuum Pumps: Single-Stage Reciprocating Vacuum Pumps, Two-Stage Reciprocating Vacuum Pumps
3) By Kinetic Vacuum Pumps: Turbomolecular Vacuum Pumps, Diaphragm Vacuum Pumps
4) By Dynamic Pumps: Jet Pumps, Roots Vacuum Pumps
5) By Specialized Vacuum Pumps: Cryogenic Vacuum Pumps, Oil-Lubricated Vacuum Pumps, Dry Vacuum Pumps, Liquid Ring Vacuum Pumps
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Which Emerging Market Trends Are Altering The Industrial Vacuum Pumps Industry?
Leading enterprises in the industrial vacuum pump market are concentrating on creating cutting-edge vacuum pumps, for example, ready-to-plug vacuum pumps that can simplify the installation procedures and increase operational effectiveness. Ready-to-plug vacuum pumps are fully assembled, completely set up units that are prepared for instant installation and utilization, ensuring quick and effective deployment in various applications. For example, in March 2023, Kaishan USA, an industrial equipment manufacturing company based in the US, introduced a new series of industrial vacuum pumps known as the KRSV. These are oil-flooded rotary screw vacuum pumps specially designed for energy efficiency and wide-ranging use in diverse industries. The new-generation pumps are fully packaged and pre-set, enabling effortless integration into any system or for independent operation. The pumps have a variable speed drive and variable discharge port airend, which provides optimal control and energy savings for a variety of applications including woodworking, printing, glass manufacturing, ceramics, and medical and laboratory applications.
Who Are the Key Players In The Industrial Vacuum Pumps Market?
Major companies operating in the industrial vacuum pumps market are:
• Atlas Copco AB
• Agilent Technologies Inc.
• GEA Group AG
• MANN+HUMMEL Group
• Gardner Denver Holdings Inc.
• Edwards Vacuum Limited
• Busch Vacuum Solutions Inc.
• Pfeiffer Vacuum Technology AG
• Tuthill Corporation
• Oerlikon Leybold Vacuum GmbH
• Leybold GmbH
• Gebr. Becker GmbH
• PIAB AB
• Graham Corporation
• Becker Pumps Corporation
• Gast Manufacturing Inc.
• MDC Vacuum Products LLC
• ULVAC Technologies Inc.
• DEKKER Vacuum Technologies Inc.
• DVP Vacuum Technology Co. Ltd.
• Precision Plus Vacuum Parts
• MIL'S S.A.S.
• BGS General Srl
• Pompetravaini S.p.A.
• Samson Pumps A/S
What Are The Regional Insights Into The Industrial Vacuum Pumps Market?
North America was the largest region in the industrial vacuum pumps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial vacuum pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
